FX-Strategy 19 Apr 2024

Published at: April 19, 2024 3:08 AM

In the G10 FX Market, CHF and JPY are the top gainers today, up 0.37% and 0.16% versus the dollar while NZD and AUD are the top losers, down -0.27% and -0.14% versus the dollar, respectively. In the Asian equities, markets were trading weak today. The Hang Seng was trading at 16213.0, down -0.75%. The Nikkei 225 was trading at 37193.0, down -1.22%. In the European equities, indices were trading weak today. The FTSE 100 was trading at 7864.2998, down -0.17%. The CAC 40 was trading at 8001.7002, down -0.53%. The DAX 30 was trading at 17730.4004, down -0.42%. Looking at Equity Futures so far,The SP500 Futures was trading at 4985.7002, down -0.35%. In the Energy space, Oil futures were trading firm today. The Brent Crude Futures was trading at 87.428, up 1.26%. The WTI Crude Futures was trading at 82.967, up 1.22%.

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European Equities Daily Chart (1-month)

Daily FX Pivots

Brent Crude Daily Chart (1-month)

Forex Chart and Technical Analysis

EURUSD Chart (Two-week)

Strategy: Resistance at 1.0675 for 1.061

Short-term view: EURUSD resistance comes in at 1.0675 MACD and RSI have a bearish bias. Hence, we see a dip to 1.061 enter at 1.0654. Above 1.0675 to open 1.0707

GBPUSD Chart (Two-week)

Strategy: Resistance at 1.2452 for 1.2401

Short-term view: GBPUSD resistance comes in at 1.2452 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2401 enter at 1.2435. Above 1.2452 to open 1.247

USDJPY Chart (Two-week)

Strategy: Resistance at 154.91 for 154.18

Short-term view: USDJPY resistance comes in at 154.91 MACD and RSI have a bearish bias. Hence, we see a dip to 154.18 enter at 154.67. Above 154.91 to open 155.15

AUDUSD Chart (Two-week)

Strategy: Resistance at 0.6431 for 0.6391

Short-term view: AUDUSD resistance comes in at 0.6431 MACD and RSI have a bearish bias. Hence, we see a dip to 0.6391 enter at 0.6418. Above 0.6431 to open 0.6446

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